M&T Bank Corp Has $391,000 Position in AGNC Investment Corp. (NASDAQ:AGNC)

M&T Bank Corp increased its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 88.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 42,411 shares of the real estate investment trust’s stock after buying an additional 19,895 shares during the quarter. M&T Bank Corp’s holdings in AGNC Investment were worth $391,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AGNC. Victory Capital Management Inc. lifted its stake in AGNC Investment by 13.4% during the fourth quarter. Victory Capital Management Inc. now owns 4,870,678 shares of the real estate investment trust’s stock worth $44,859,000 after purchasing an additional 575,292 shares during the last quarter. Keybank National Association OH lifted its stake in AGNC Investment by 6.8% during the fourth quarter. Keybank National Association OH now owns 114,680 shares of the real estate investment trust’s stock worth $1,056,000 after purchasing an additional 7,276 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in AGNC Investment by 8.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,349,657 shares of the real estate investment trust’s stock worth $67,690,000 after purchasing an additional 581,352 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in AGNC Investment by 48.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 56,607 shares of the real estate investment trust’s stock worth $521,000 after purchasing an additional 18,476 shares during the last quarter. Finally, Delphi Financial Group Inc. lifted its stake in AGNC Investment by 122.3% during the fourth quarter. Delphi Financial Group Inc. now owns 309,000 shares of the real estate investment trust’s stock worth $2,846,000 after purchasing an additional 170,000 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Stock Down 0.5 %

Shares of NASDAQ:AGNC opened at $10.04 on Friday. The firm has a market cap of $9.19 billion, a P/E ratio of 10.35 and a beta of 1.50. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 12-month low of $8.92 and a 12-month high of $10.85. The business has a fifty day simple moving average of $9.96 and a 200 day simple moving average of $9.93.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. Analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently declared a mar 25 dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.12 per share. AGNC Investment’s payout ratio is currently 148.45%.

Wall Street Analysts Forecast Growth

AGNC has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their target price on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Wells Fargo & Company dropped their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Keefe, Bruyette & Woods dropped their price target on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $11.00 price target on shares of AGNC Investment in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.50.

Insiders Place Their Bets

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total transaction of $50,500.00. Following the completion of the sale, the director now directly owns 75,919 shares in the company, valued at approximately $766,781.90. This trade represents a 6.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Bernice Bell sold 13,000 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the sale, the chief financial officer now owns 372,226 shares of the company’s stock, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

AGNC Investment Profile

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).